Asked by Noelle Leipold on Jun 12, 2024

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Which of the following is a political factor that a company should consider before deciding to enter an international market?

A) business norms
B) trade regulations
C) industrial infrastructure
D) population size and growth

Trade Regulations

Laws, rules, and standards that govern how trade is conducted internationally and domestically.

Industrial Infrastructure

The underlying foundation of facilities, systems, and services needed for the operation of an industry, including transportation, communication, and utilities.

Business Norms

Accepted practices, behaviors, and standards within the business community, often varying by industry or region.

  • Recognize the implications of political factors on international market entry.
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Verified Answer

JB
Jordan BrownJun 14, 2024
Final Answer :
B
Explanation :
Trade regulations are a political factor that a company should consider before entering an international market. These regulations may include tariffs, import/export laws, and intellectual property rights protection. Failure to comply with these regulations can result in legal and financial penalties, as well as damage to the company's reputation. Therefore, it is essential for a company to understand and abide by the political factors that govern the international market they plan to enter.